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Headline : Why the new spot ether ETFs may ‘be a hit’ despite recent weakness

Read more from the original article on here at www.cnbc.com.






Tags : #new #spot #ether #etfs #may #hit #despite #recent #weakness


No. of Paragraph 16

It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut.

Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission.

The firm is behind the Franklin Ethereum ETF (EZET) — now down about 10% since its inception as of Thursday's close. The losses were sparked by the sell-off in cryptocurrencies.

"We think they'll be a hit. Whether they're going to get the same amount of assets is... probably unlikely," said David Mann, the firm's head of ETF product and capital markets, told CNBC's "ETF Edge" on Tuesday. "But it's still pretty awesome." 

Read more from the original article on here at www.cnbc.com.


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